| Up North Realty Maine

383 Commercial Street, 701, Portland, ME 04102

$3,750,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 3,148 Status: Active
Current Price: $3,750,000 List Date: 10/08/2024 Last Modified: 4/16/2025

Description

Portland, Maine, has risen to prominence as one of the nation's most sought-after small cities. The property at 383 Commercial St Penthouse PH7 presents an unparalleled opportunity, offering outstanding value at \$1192 per square foot, notably below the city's luxury condominium market values. The residence is ideally located within walking distance of esteemed, nationally acclaimed restaurants, the scenic waterfront, and the historic Old Port, which features diverse galleries, museums, music venues, and private marinas. Its proximity to Portland's international airport and top-tier medical facilities enhances its appeal. Moreover, residents enjoy convenient access to recreational pursuits such as hiking, skiing, boating, fishing, kayaking, and canoeing. Unit #701 stands out as Hobson Landing's premier PH7 penthouse, boasting panoramic water views of Portland Harbor extending to Casco Bay from a private 700+ sq ft observation deck, affectionately known as 'Vantage Point'. The penthouse includes three bedroom suites, a generous den/bedroom with a private balcony offering skyline views, custom cabinetry, custom woodwork with luxurious appointments, and garage parking with an additional EV charging space available. The exceptional dining room features a gas fireplace and 3 1/2 baths, complete with high-end appliances, including a 36-inch Wolf range, Sub-Zero refrigerator, and Marvel wine refrigerator. Hardwood flooring, over 9-foot ceilings, a gas fireplace, and radiant heat in the primary bathroom are standard throughout all units. Residents also benefit from a 24-hour secure lobby entrance with concierge service, a clubroom with a fireplace, deck, and full kitchen, a fitness center, a dog wash, a reservable guest suite, a courtyard with grills, and a shared workspace. Located only 1 hour and 45 minutes from Boston, MA. To experience this exceptional property firsthand, please call to arrange a private showing at your convenience.

Supplements: ********

More Information MLS# 1605707

Property Sub-Type

Property Sub-Type: Condominium

Location Information

Street #: 383 Street Name: Commercial Street Type: Street Unit #: 701 County: Cumberland Town: Portland State/Province: ME Zip Code: 04102 Leased Land: No Book: 39239 Page: 38-39 Map: 042 Lot: A002 Zoning: Mixed Use Zoning Overlay: Yes Association: Yes Association Fee: 1039 Fee Frequency Paid: Monthly School District: Portland Public Schools Full Tax Amount $: 42125 Tax Year: 2023 Geo Lat: 43.650465 Geo Lon: -70.25798

Contract Information

Status: Active Original List Price: 3750000 List Price: $3,750,000 Current Price: $3,750,000

Property Information

Surveyed: Yes Seasonal: No Deed/Conveyance Type Offered: Warranty Deed: All Deed Restrictions: Unknown Bank Owned REO: No 2 Detached Houses on 1 Lot: No # Rooms: 8 # Bedrooms: 3 # Fireplaces: 1 Total Full Baths: 3 Total Half Baths: 1 Total Baths: 4 Year Built: 2021 SqFt Finished Above Grade: 3148 SqFt Finished Total: 3148 SqFt Source: Public Records Garage: Yes Garage Spaces: 1 Source of Acreage: Public Records Road Frontage: No

Water Info

Water Frontage: No Water View: Yes Water Body Name: Casco Bay

Condominium

Unit Type: Condo Building #: 701 Floor #: 7 FHA Certification: Yes VA Certification: No Rental Allowed: Yes # of Buildings: 1 Units in Building: 86 Total Units: 86 Rental Terms: negotiable to cap

Parking

Reserved Parking: Yes Reserved Parking Spaces: 1

Utilities

Utilities On: Yes

Property Features

Site: Level; Sidewalks; Well Landscaped Location: Historic District; Intown; Near Shopping Roads: Public Transportation: Deep Water Access; Major Road Access; Near Airport; Public Transport Access Water Body Type: Harbor Recreational Water: Nearby View: Scenic Appliances Included: Dishwasher; Disposal; Dryer; Gas Range; Refrigerator; Washer Kitchen Countertop: Quartz Style: Contemporary Construction: Steel Frame Basement: None Basement Entry: Not Applicable Foundation Materials: Poured Concrete Roof: Flat; Membrane Exterior: Brick; Fiber Cement Heat System: Heat Pump; Zoned Heat Fuel: Gas Natural Water Heater: Gas Cooling: Central Air Floors: Tile; Wood Amenities: Bathtub; Clubhouse; Elevator Passenger; Fire System; Laundry - 1st Floor; Other Amenities; Primary Bedroom w/Bath; Security System; Shower; Walk-in Closets Patio and Porch Features: Deck Driveway: Common Parking: 1 - 4 Spaces; On Site Vehicle Storage: 1 Car; Auto Door Opener; Underground Restrictions: 2 Pets Electric: Circuit Breakers Gas: Natural - On Site Sewer: Public Sewer Water: Public

Room Information

Primary Bedroom Level: First Bedroom 2 Level: First Bedroom 3 Level: First Kitchen Level: First Dining Room Level: First Living Room Level: First Den Level: First Laundry Level: First
Listing Office: Elevate Maine Realty
Last Updated: April - 16 - 2025
383 Commercial Street, 701, Portland, ME 04102- MLS# 1605707
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